One Royal is an ASIC broker that offers trading in a number of financial instruments ranging from Forex to indices, Oil, Gold and Silver.
One Royal Forex broker is operating from OneRoyal.com domain and they also have other websites which include RFXT.com.lb, RFXT.com and RFXT.com.au.
In addition to offering 45 financial instruments for trading, the broker is also offering traders the popular MT4 trading platform for desktop, mobile and web.
Other trading platforms offered here include MubasherTrade Pro, Trading Central and RJO.
The broker is also providing two main account types whose features vary based on whether commission is charged or not.
Under each of the account types, One Royal is offering Classic, Premium and VIP respectively.
Leverage starts at 1:400 while minimum deposit is just $50.I
Trading accounts with zero commission has spreads that start at 0.6 pips in the VIP account type where minimum deposit is more than $100,000.
Other than commission and spreads, account types also vary in terms of features related to the level of support one can get in addition to tools and resources.
The broker can be contacted using email ([email protected]) or phone (1 (888) 705-9006).
They appear to be headquartered in Australia. In addition to this, this broker seems to have dropped the name Royal Financial Trading.
Check out our list of reliable Forex brokers for your trading because they are professional, affordable and most of all, well-regulated.
Is One Royal Legit broker?
This broker does not openly publish their regulatory status on their website.
This can suggest that they are operating under an umbrella of one company that runs multiple brokers and is licensed by the ASIC of Australia.
Reviews on the internet are both positive and negative concerning this broker.
They’ve also stated on their website that OneRoyal is not accepting traders from the USA.
However, on the FPA forum, we saw a comment from a trader whose IP is from the USA.
This trader claims that they were customers of One Royal broker.
While the positive comments are encouraging, we realize that the negative reviews from forum members are quite disheartening.
We do not even know whether we can recommend this broker at this time.
The broker did not make follow up comments with their representatives to address the issues that unhappy clients raised in this forum.
This broker may be regulated but that does not mean they are doing what they’re promising on their website.
Also, we don’t see anywhere they mentioned that Cryptocurrencies are supported.
We’d like to bring Crypto traders on-board too and lack of this provision on a broker’s platform is simply making them lose customers.
Thanks for reading our review. We’re currently seated on the fence when it comes to recommending a broker like One Royal.